Banco Santander S.A. Reduces Holdings in Invesco QQQ $QQQ

Banco Santander S.A. decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 40.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,502 shares of the exchange traded fund’s stock after selling 30,623 shares during the quarter. Banco Santander S.A.’s holdings in Invesco QQQ were worth $24,549,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQ. Kingstone Capital Partners Texas LLC boosted its holdings in shares of Invesco QQQ by 704,593.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock worth $37,299,340,000 after buying an additional 67,605,770 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Invesco QQQ by 959.6% in the first quarter. Goldman Sachs Group Inc. now owns 24,097,975 shares of the exchange traded fund’s stock worth $11,300,023,000 after buying an additional 21,823,765 shares during the last quarter. Mullooly Asset Management Inc. purchased a new position in shares of Invesco QQQ in the first quarter worth approximately $2,775,904,000. Spear Holdings RSC Ltd purchased a new position in shares of Invesco QQQ in the first quarter worth approximately $474,600,000. Finally, Altimeter Capital Management LP purchased a new position in Invesco QQQ during the first quarter valued at approximately $463,293,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.1%

Shares of NASDAQ:QQQ opened at $617.10 on Monday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $618.42. The firm’s 50 day simple moving average is $590.61 and its two-hundred day simple moving average is $547.74.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be issued a dividend of $0.694 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, September 22nd.

Invesco QQQ Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.